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I need help with my accounting homework. please I will rate 5 stars. The following bank reconciliation information is available for Beach Company for the
I need help with my accounting homework. please I will rate 5 stars.
The following bank reconciliation information is available for Beach Company for the month of November. Use information and the worksheet below to answer the following two questions: a. As of November 30, bank statement for Beach's account indicates a cash balance of 57,265 and Beach's has a cash balance of $7,725. b. Bank service fees for the month of November were 520. c. Outstanding checks at November 30 total $620. d. Notes receivable and interest collected by bank on Beach's behalf were $734. e. A debit memo included with the bank statement shows an NSF check returned for $450. f. Deposits in transit at month end are $1,300. g. A check on the bank statement has cleared for the incorrect amount which was under by 510. h. Bank charges for printing new checks (check-book order) as reported on bank statement were $54. Bank Statement Cash Balance Cash balance per books Add: Deduct: Deduct: Adjusted cash balance per bank Adjusted cash balance per book I he adjusted cash balance per Beach's books on November 30 should be: A) 57,705.00 8) $7,935.00 C) $8,009.00 D) 57,956.00 E) cannot be determined from information above. 3) The net effect on cash account after all adjusting entries related to above bank reconciliation is: A) $734.00 Credit. B) $210.00 Debit. C)$.504.00 Debit. 145524.00 Credit. E) cannot be determined from information aboveStep by Step Solution
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